Newport Symphony Orchestra

Analysis

Newport Symphony Orchestra is a registered charity in United States, based in Newport, OR. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Newport Symphony Orchestra reported income of $330k and spending of $468k, spending 142% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $1.1m to $330k (-69%), an average of -25% a year. The sharpest change came in the year to July 2022, when income rose by 91%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Newport Symphony Orchestra sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within OR. Charities of a similar size with the same main cause include West Falls Center for the Arts ($330k), Michelson Museum of Art ($330k) and One Year Lease Inc ($330k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 63% and program service revenue 28% of the total. Other salaries and wages came to $127k. At year end it held assets of $923k against liabilities of $2,701, net assets of $920k. It reported 6 employees.